Circus canine is currently operating at full capacity. the net profit margin and the dividend payout ratio are held constant. the net working capital and fixed assets vary directly with sales. the company currently has current liabilities of 3950, long term debt of 14,700, net working capital of 7850, net fixed assets of 27,600, owners equity of 20,750, net income of 2900, and dividend paid of 870. what is the external financing need if sales increase 11 percent?
